MedCapital Group Provides $3.3 Million in Non-recourse Permanent Financing for Two Medical Office Buildings

DALLAS -- MedCapital Group announces non-recourse permanent financing in the amount of $3.3 million with a fixed rate at 180 basis points over the U.S. Treasury 10-year term, 30-year amortization, and $1,276,000 in cash-out for two medical office buildings. Both facilities, a 12,000-square-foot multi-tenant medical office building and an 11,000-square-foot single-tenant surgery center, are located in New Jersey.

"The challenges we faced were structuring the transaction such that we could provide non-recourse financing for our client on both buildings and the cash-out necessary for our developer client to pursue additional opportunities," stated Todd Tidmore, managing director of MedCapital Group. "By combining both buildings into one transaction, we were able to get the scale and tenant diversity needed to provide non-recourse financing at a competitive rate and cash-out, in the midst of substantial market volatility."

MedCapital Group specializes in providing financing for medical real estate including medical office buildings, specialty hospitals, ambulatory surgery centers, imaging centers, and other medical-related real estate throughout the United States.

Source: MedCapital Group

Share this article: Email, Slashdot, Digg, Del.icio.us, Yahoo!MyWeb, Windows Live Favorites, Furl
Add this article feed to: RSS, My Yahoo, Newsgator, Bloglines